Politics8/11/2025Bloomberg

Bessent on Tariffs, Deficits and Embracing Trump’s Economic Plan

Bessent on Tariffs, Deficits and Embracing Trump’s Economic Plan

The article discusses the role of the US Treasury Secretary in the Trump administration's economic policies. It highlights the secretary's influence on the president, who is described as impulsive, and the impact on global investors who are concerned about the direction of the country's economic plans. The article suggests that the Treasury Secretary has the president's ear, which is seen as a positive by nervous investors worldwide. The article does not provide specific details on the Treasury Secretary's views on tariffs, deficits, or the overall economic plan, but rather focuses on the dynamic between the two key figures and the implications for the global economy. The article aims to provide an exclusive inside look at the relationship between the Treasury Secretary and the president, and the potential consequences for the US and global markets. However, it remains relatively high-level and does not delve into the nuances of the administration's economic policies or the Treasury Secretary's specific positions on the issues mentioned.

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